Globalstar (GSAT) said late Tuesday it plans to voluntarily delist shares of its common stock from the NYSE American and transfer its listing to the Nasdaq Global Select Market after the completion of its reverse stock split.
The company expects the last day of trading of its common stock on the NYSE American to be around Feb. 10 and the start of trading on Nasdaq around Feb. 11 under its current symbol "GSAT."
The company said the listing transfer and the stock split "could make the common stock more attractive to a broader range of investors."
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.